NEWS

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    Left to Right: Francesco Sergio, Amy Broadhurst, SIOR, CCIM, Caroline Muse   Pittsburgh Expansion Marks the Third Office in the Commonwealth of Pennsylvania April 4, 2023 (PITTSBURGH, PA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of their new Western Pennsylvania office in Pittsburgh. The office will initially specialize in office and industrial leasing and sales, with additional capabilities in debt and equity origination….

PHILADELPHIA REGION SNAPSHOT 3.24% Vacancy 581,978,333 SF Standing Stock 10,507,353 SF Net Absorption 45,201,605 Under Construction Overall, the Philadelphia Region continues to be one of the strongest markets in the country. Vacancy increased 80 bps to 3.24%, reflecting a combination of new Construction Deliveries (15.3 MSF), Net Absorption (10.3 MSF), and some newly vacant second-generation space (836,000 SF). Rolling Construction levels are off 10% for the 2nd straight quarter, down 10.9 MSF from their Q2’22…

  Montgomery County, PA – The Capital Markets Group, headed by Bob Yoshimura and Joe Hill from Lee & Associates of Eastern Pennsylvania (“LAEP”), arranged the sale of a 110-acre, industrially zoned land site located off the Sanatoga exit of Route 422 in Limerick, Pennsylvania. Eric Mattson and Connor Sanbower from the Lee & Associates Capital Markets group assisted in representing the Seller, Metropolitan Commercial Development. The Buyer, an undisclosed investment group, is pursuing development…

When it comes to reducing employee absenteeism, promoting health and wellbeing and boosting workplace productivity, having an effective office space is key. Factors like layout, lighting, furniture and technology can make all the difference. Discover the impact of office design on employee performance and how you can create a better work environment overall. Types of Office Design Trends Certain office layouts are better suited for some industries and work environments than others. Let’s look at…

Lehigh Valley, PA August 26, 2022 – Lee & Associates of Eastern Pennsylvania principals Kim Jacobsen and Lee Fittipaldi represented the landlord, INDUS Realty Trust. Inc. (“INDUS”), in the full-lease up of 4741 Chapmans Road, a newly completed 102,250 square foot industrial facility in South Whitehall Township, PA. The building delivered in June with 67,750 square feet pre-leased. The team completed the remaining 34,500 square foot lease within 30 days of the building’s completion. The building offers…

Lee & Associates of Eastern Pennsylvania Q2’22 data represents an increase of 10.7 million square feet of net absorption for Q2’22, with 56 million square feet under construction Mechanicsburg, PA (July 20, 2022) – The vacancy rate for warehouse/industrial space in the greater Philadelphia metropolitan region remained at a historic low of 1.99% during the second quarter of 2022, on the strength of more than 10.7 million square feet of net absorption, according to the…

Brokerage firm selected to handle exclusive leasing activities for 1.56-acre site in commercial real estate category that has emerged into a $200 billion asset class Plymouth Meeting, PA (July 18, 2022) – Lee & Associates of Eastern Pennsylvania has brokered the sale of a 1.56-acre parcel situated at 2337 Center Square Road in Logan Township, New Jersey, and subsequently was selected by the new owner, Criterion Group, to handle exclusive leasing activities for the site…

Food service packaging company develops safe food packaging containers. Mechanicsburg, PA (June 20, 2022) – Food service packaging company Pianca Packaging, LLC has signed a lease with Buligo Capital Partners for 28,091 square feet of industrial space within the Riverside Business Center in Whitehall, Pennsylvania. Located at 1139 Lehigh Avenue and constructed in 1910, the 423,900 square foot single-story light industrial building was acquired by Buligo this spring. Brian Knowles, CCIM, SIOR , and Eric…